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Stocks Making: Cup with Handle on

This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long.  The beginning, or left side, of cup has to start after a rally of at least 30%.

Then a 20% to 30% correction from the old high (left side cup edge) must occurs.  The stock then builds a rounded base which slowly climbs back toward the old high  The right edge of the cup must be at most 15% below the left edge (the old high).  Then a slight pullback occurs which forms the handle.

The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.

The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.

Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing Setup
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Pro Scan

Results have been limited to 7 of the 18 matching stocks. For full access to this scan you must sign up for a Free Account
Symbol Grade Close % Change Volume Vol Surge
BOFA B 21.950 0.18 30,428 2.91
JPM B 29.570 0.00 34,067 1.88
SJ B 91.780 -0.95 261,491 1.86
FIH.U C 14.640 0.34 41,875 1.69
GIB.A A 159.160 0.30 478,637 1.43
EQ D 1.100 0.92 13,600 1.21
CEU C 7.730 -3.25 802,538 1.17
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